Vietnam Insight

▶ On the Tuesday's trading session, the stock market broke the 1,200 points range (equivalent to a decrease of 24 points) and was thought to keep up the decline on the April 15 session. However, the downward momentum quickly cooled when the bottom-fishing cash flow entered, helping the market recover to the reference mark at the end of the session. Trading volume continued to maintain above the 20-session average.

▶ At the end of the trading session, VN-Index decreased 0.93 points (-0.08%), reaching 1,215.68 points; HNX-Index decreased 0.88 points (-0.38%), reaching 228.83 points. Market volume reached VND 30.3 trillion, equivalent to about 1,355.2 million shares traded. Foreign investors were net bought of VND 71.19 billion, focusing mainly on SSI, MWG, and VIX.

▶ Technical perspective: VN-Index continued to decline following the yesterday's sadness, hitting the lowest point of 1,191. However, the buying side came in when VN-Index tested MA100, helping the index narrow its decline and close at 1,215. In a positive scenario, it is expected that VN-Index will test the support level of 1,180 - 1,210 with lower and more balanced liquidity.

Strategy: Investors take advantage of the recovery period to handle stocks with technical violations, comply with discipline and prioritize capital protection.